Powell's Final Jackson Hole Speech: Key Insights on Interest Rates and Economic Policy

Federal Reserve Chair Jerome Powell is delivering his final Jackson Hole speech, with market watchers keenly awaiting signals on whether the Fed will cut interest rates amid economic uncertainties and recent weak job reports. The speech is expected to clarify the Fed's stance on rate cuts, which are currently seen as likely in September, and to emphasize the Fed's independence. The market's reaction to Powell's comments could be significant, especially given the current economic data and political pressures.